+6%

est. 2Y upside i

HealthcareSeries B

Heidi is the AI Care Partner designed to expand clinical capacity by automating administrative work – documentation, form filling, and task management - so clinicians can focus on patients. Used across emergency departments, general practice, and specialist clinics, Heidi supports more than 2 million consults each week in 110 languages from 116 countries.

Rank

#2670

Sector

Healthcare AI

Est. Liquidity

~3Y

Data Quality

Data: Medium

Heidi offers modest expected upside (~6%) given its high current valuation and intense incumbent competition.

Last updated: July 3, 2026

Bull (20%)+151%

Heidi achieves category leadership and enters IPO window, maintaining an 18x forward revenue multiple on $70M ARR (from $22M), yielding a $1.26B valuation.

Base (40%)+0%

Growth continues but multiple converges to public comp levels (8x) on $70M ARR, valuation $560M, just above current mark.

Bear (40%)-60%

Microsoft/Epic integration erodes differentiation; multiple compresses to 4x on $70M ARR, valuation $280M, well below current mark.

Est. time to liquidity~2.5 years

Preference Stack Risk

high

Funding Intensity

21%

1x non-participating preferred on $96.6M total funding; represents 20.8% of current valuation.

Dilution Risk

high

With $22M ARR and 538 employees, anticipated follow-on round may dilute equity by ~20%.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely tied to IPO or M&A.

View all 146 open roles at Heidi Health →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Heidi Health's data — designed to show you've done your homework.

  • 1

    “How does Heidi defend against Microsoft's deep EHR integration advantage?”

  • 2

    “What is the company's path to profitability given high burn and subscription model?”

  • 3

    “How does the employee equity pool compare to the total shares outstanding?”

Community

Valuation Sentiment

Our model estimates +6% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.